X Financial Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	890.85	984.61	1,195	602.27	584.76	746.39
Cash & Short-Term Investments	890.85	984.61	1,195	602.27	584.76	746.39
Cash Growth	-14.68%	-17.63%	98.47%	2.99%	-21.65%	-25.80%
Accounts Receivable	3,066	2,030	1,660	1,164	755.37	424.67
Other Receivables	-	-	-	15	15	-
Receivables	8,686	6,858	6,616	5,119	3,656	3,294
Prepaid Expenses	88.36	10.68	8.42	22.1	19.33	57.08
Restricted Cash	659.11	676.79	749.07	404.69	407.28	852.13
Other Current Assets	2,095	1,983	1,743	1,802	1,683	1,541
Total Current Assets	12,419	10,513	10,312	7,951	6,351	6,491
Property, Plant & Equipment	20.82	55.07	59.27	68.55	31.39	56.35
Long-Term Investments	1,848	1,012	1,102	688.61	642.88	301.62
Other Intangible Assets	37.82	36.59	36.81	36.55	36.82	37.44
Long-Term Deferred Tax Assets	303.9	197.71	135.96	88.43	274.87	605.65
Other Long-Term Assets	58.54	5.71	4.64	4.52	6.08	6.24
Total Assets	14,689	11,819	11,650	8,838	7,343	7,498
Accrued Expenses	1,512	1,145	789.72	709.91	451.86	398.25
Short-Term Debt	566.38	328.5	565	70.21	166.5	350.55
Current Portion of Leases	-	12.73	12.85	11.3	12.33	16.87
Current Income Taxes Payable	677.83	591.49	446.5	270.09	117.15	75.92
Other Current Liabilities	-	146.64	208.97	182.08	634.88	146.93
Total Current Liabilities	2,756	2,224	2,023	1,244	1,383	988.51
Long-Term Leases	37.42	27.52	37.57	51.19	12.02	27.61
Long-Term Unearned Revenue	470.34	164.72	46.6	-	-	-
Long-Term Deferred Tax Liabilities	68.72	65.96	30.04	0.72	-	-
Other Long-Term Liabilities	3,427	2,384	3,666	2,789	1,971	3,406
Total Liabilities	6,760	4,866	5,803	4,084	3,366	4,422
Common Stock	0.21	0.21	0.21	0.21	0.21	0.2
Additional Paid-In Capital	3,257	3,207	3,197	3,191	3,160	3,068
Retained Earnings	5,507	4,175	2,692	1,623	810.86	-14.55
Treasury Stock	-904.5	-509.64	-111.52	-124.6	-	-
Comprehensive Income & Other	69.13	81.05	69.48	63.6	6.31	21.06
Total Common Equity	7,929	6,953	5,847	4,753	3,977	3,075
Minority Interest	-	-	-	-	-	1.29
Shareholders' Equity	7,929	6,953	5,847	4,753	3,977	3,076
Total Liabilities & Equity	14,689	11,819	11,650	8,838	7,343	7,498
Total Debt	603.8	368.75	615.42	132.71	190.85	395.03
Net Cash (Debt)	287.05	615.86	579.93	469.56	393.91	351.36
Net Cash Growth	-50.48%	6.20%	23.50%	19.20%	12.11%	-62.76%
Net Cash Per Share	6.52	12.60	11.96	8.74	7.02	6.56
Filing Date Shares Outstanding	39.8	42.21	49.19	48.15	54.85	54.85
Total Common Shares Outstanding	39.8	41.78	48.93	47.99	54.85	53.85
Working Capital	9,663	8,288	8,289	6,707	4,968	5,502
Book Value Per Share	199.23	166.42	119.51	99.05	72.50	57.10
Tangible Book Value	7,891	6,917	5,810	4,717	3,940	3,037
Tangible Book Value Per Share	198.28	165.55	118.76	98.29	71.83	56.40
Machinery	-	33.82	26.65	26.21	23.12	26.59
Leasehold Improvements	-	27.53	24.31	23.71	22.8	21.68

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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